Turmeric prices fell by 1.41% to Rs 5,886 per quintal at futures trade today as speculators reduced positions amid fall in domestic demand at the spot markets and weak overseas inquiries.
At the National Commodity and Derivatives Exchange, turmeric for delivery in September traded Rs 84, or 1.41%, lower at Rs 5,886 per quintal, with an open interest of 14,555 lots.
October turmeric fell by Rs 76, or 1.27%, to Rs 5,892 per quintal, with an open interest of 15,375 lots.
Analysts said the fall in turmeric futures was mostly due to off-loading of positions by participants as demand in the spot markets declined and fall in export inquiries.
Lesser area under cultivation limited the losses, they added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app